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Shopping Strip

Shoppes of Walterboro

2098 Bells Hwy, Walterboro, SC 29488

Listing Price: $8,150,280

Cap Rate
7.47%
Gross SF
53,300
Rentable SF
53,300
Price/Gross SF
$152.91
Lot Size
7.40 acres
Year Built
2007

Investment Overview

With excellent visibility on Interstate 95 with over 50,000 vehicles per day, Shoppes of Walterboro, a Wal-Mart shadow-anchored shopping center, enjoys a premier location that caters to both the communities it serves and the travelers on I-95. Murphy’s USA gas station and Tesla Charging Station draw an enormous captive customer traffic pattern that naturally channels potential retail customers directly past the subject property due to the shared access road. Currently, 91% of the GLA is expected to be occupied, taking into account recent strong prospects coming through for the current vacancies. The current rent roll includes Dollar Tree, CATO, It’s Fashion, Shoe Show, and more. 2007 built shopping center has been well received in the area with high historical occupancies. About 60% of the GLA in the center are National and regional tenants.

Investment Highlights

  • Walmart Shadow Center with 60% of the space occupied by National and Regional tenants in Walterboro
  • With high visibility on the busy Interstate 95 serves interstate travelers, visitors to the area, and residents of the surrounding communities
  • Murphy's USA gas station and Tesla charging stations attract enormous captive customer traffic directly past the subject property due to the shared access road
  • Offered at about $163 PSF with diverse tenants: apparel, footwear, discount, service and restaurants / Strong historical occupancies with Dollar Tree, CATO, It's Fashion, Shoe Show, and more
  • Dollar Tree with seven years left on the base term has five 5-year options with rent escalations
  • Newly opened ten-station Tesla Charging Stations boost inflow of customers who shop while their electric vehicles are being charged
  • Colleton County is halfway between New York and Miami on I-95 with a rating of Aa3 with Moody's and AA- with S&P Rating Services
  • Close proximity to four major commercial/ tourism centers: Charleston (50 miles), Savannah (68 miles), Hilton Head (70 miles), and Columbia (91 miles)

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Financing By

Shopping Strip

Shoppes of Walterboro

Listing Price: $8,150,280

Cap Rate
7.47%
Gross SF
53,300
Rentable SF
53,300
Price/Gross SF
$152.91
Lot Size
7.40 acres
Year Built
2007

Investment Highlights

  • Walmart Shadow Center with 60% of the space occupied by National and Regional tenants in Walterboro
  • With high visibility on the busy Interstate 95 serves interstate travelers, visitors to the area, and residents of the surrounding communities
  • Murphy's USA gas station and Tesla charging stations attract enormous captive customer traffic directly past the subject property due to the shared access road
  • Offered at about $163 PSF with diverse tenants: apparel, footwear, discount, service and restaurants / Strong historical occupancies with Dollar Tree, CATO, It's Fashion, Shoe Show, and more
  • Dollar Tree with seven years left on the base term has five 5-year options with rent escalations
  • Newly opened ten-station Tesla Charging Stations boost inflow of customers who shop while their electric vehicles are being charged
  • Colleton County is halfway between New York and Miami on I-95 with a rating of Aa3 with Moody's and AA- with S&P Rating Services
  • Close proximity to four major commercial/ tourism centers: Charleston (50 miles), Savannah (68 miles), Hilton Head (70 miles), and Columbia (91 miles)

Investment Overview

With excellent visibility on Interstate 95 with over 50,000 vehicles per day, Shoppes of Walterboro, a Wal-Mart shadow-anchored shopping center, enjoys a premier location that caters to both the communities it serves and the travelers on I-95. Murphy’s USA gas station and Tesla Charging Station draw an enormous captive customer traffic pattern that naturally channels potential retail customers directly past the subject property due to the shared access road. Currently, 91% of the GLA is expected to be occupied, taking into account recent strong prospects coming through for the current vacancies. The current rent roll includes Dollar Tree, CATO, It’s Fashion, Shoe Show, and more. 2007 built shopping center has been well received in the area with high historical occupancies. About 60% of the GLA in the center are National and regional tenants.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

Financing By

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